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RE: What if HIVE goes to 10 cents?

in #lbi3 months ago

Isn't your token backed by LEO? Why would you buy HIVE with it..? Why didn't you name the project HIVE BACKED INVESTMENT.. or even HBDBI? If it truly is LBI.. then obviously you buy more backing ... LEO..

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The project was created when we all had different understanding what Leo was. Currently the more proper name would be Leo Denominated Investment token

I was around when it was STEEMLEO..

True - we are called LBI. I took over the running of the project a month ago. It had been running for several years previously, and had used LEO income to expand beyond LEO into other investments. Currently, roughly 25% of the fund is held in LEO.

A rebranding is probably in order, but I have not gotten around to thinking about that yet, plus changing the token to a different one would be much more complexity than I really have time for.

That said, we do bring income from other sources and convert it back into LEO, pay LEO dividends, have our token paired with LEO in a liquidity pool and use the Inleo front end exclusively. Still pretty LEO Based I feel.

Like I said, buying LEO is one of the options I would consider in this hypothetical scenario.

Ok.. obviously someone forgot his sense of humor somewhere.. I'm just talking shit because I can. I'm good at it. We can't all be LEO Rockstars..

😆